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Friday, 26.04.2024, 03:31
Estonia's economic climate indicator rises by almost 50% in 3 months
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The value of the index rose from 43.6 points in June to 64.2 points in
September.
According to the panel of experts of the Estonian Institute of Economic
Research, the economic situation of Estonia was good in September and is
expected to keep getting better.
"Estonia's economic success rests largely on the positive changes that
have taken place in the economy of the European Union, decrease in political
uncertainty and economic development of Estonia's main trading partners. The
acceleration of economic growth has been upheld also by domestic factors: high
level of employment, increase in residents' incomes, development of private
consumption," said the director of the Institute of Economic Research, Marje Josing.
The outcome of the survey shows an improvement in virtually all areas.
"The three biggest problems for the economy are shortage of skilled
labor, lagging innovation and insufficient competitiveness," Josing added.
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